While it is impossible to predict the future I can certainly tell you with 20/20 vision what happened in the past!!!!...... Well who can't ????..... I can tell you NOT ONE of my clients lost money in their retirement accounts that I set up for them. As a matter of fact most of them earned around 11% on their retirement or savings. Did your IRA or 401K earn 11% in 2012? Once again, it is difficult to predict the future, but armed with information, predicting the future can be made a little easier. Here's what I see in my crystal ball for 2013:
1. Housing returns to pre-boom numbers in most US areas.
2. Your taxes are going up and I don't care how much or little you earn.
3. Gas will average around the $4.00 per gallon price in 2013, even with increased oil production..go figure!
4. A ban on assult weapons; not with this Congress, even though Obama will press the issue.
5. Look for the Republican Congress to open the door (sort of) to illegal immigrants.
6. It is a good bet that Israel launches missiles into Iran in 2013.
7. A divided Supreme Court will come out in favor of gay marriage.
8. The debt ceiling will be raised but not in time for a credit downgrade, this will weigh on the economy
and slow down employment.This will also lead to increased acquistions and mergers which leads to lost
jobs. Don't look for gross domestic product to increase much past 1.75%-2.0% in 2013. Too much
uncertainty.
9. Even with the mess in Washington, I do look for certain stocks to increase in value, especially if they
are part of the S & P 500.
The items mentioned above will have either an indirect or direct effect on your retirement portfolio. My predictions last year were good enough for my clients to earn double digit gains on their accounts. Lets revisit in December 2013...I am sure I will owe someone a lunch!!!!
Wednesday, January 9, 2013
Monday, November 12, 2012
Must Read for Everyone Ages 21 and Over!
From CBS Money Watch.......Don't let this happen to you. If you are 21 and just starting your career or 60+ and hoping to retire read this article. Give me a call if you have any questions. Large U.S. employers continue to eliminate traditional pension plans that pay retired workers a monthly lifetime pension in favor of defined contribution and hybrid plans that offer lump-sum payments at retirement, according to a recent survey HR consulting firm Towers Watson.
Among Fortune 1000 companies, only 11 percent still offer a traditional pension plan to newly hired salaried workers, down from 14 percent in 2011 and continuing a long slide from 90 percent in 1985. Conversely, in 1985 only 10 percent of those companies offered only a defined contribution plan to salaried workers -- today that figure stands at 70 percent.
The primary reason for this trend has been financial: Employers don't want the exposure to unfunded liabilities if capital markets perform poorly. At the same time, until recently employees generally hadn't expressed a preference for traditional pension plans and, in fact, have largely embraced 401(k) and other defined contribution plans.
But this trend has its consequences in the workplace, as large numbers of baby boomers have 401(k) balances that are inadequate to fund a traditional retirement. To make matters worse, most retiring workers don't know how to turn their nest eggs into reliable retirement income. Employers also haven't provided much help by offering retirement income options in their defined contribution plans.
"The ongoing shift from [defined benefit] to [defined contribution] plans due to cost and cost volatility is helping to create a next generation of retirement-age workers who may not be able to afford to retire when they would ideally like to," said Towers Watson consultant Kevin Wagner in a statement.
As a result, older workers are delaying retirement, potentially clogging up promotional opportunities for younger workers and helping keep unemployment levels high for the younger generation. And this next generation is beginning to learn from the unfortunate circumstances of the current generation of retirement age workers.
"Interestingly, as this shift in retirement plans continues, other Towers Watson research shows that younger workers are finding DB and hybrid plans more appealing than DC plans," said Alan Glickstein, another retirement consultant at Towers Watson.
The bottom line is that workers of all ages need to start expressing preferences for retirement plans that will enable some level of financial security in their retirement years. Such options include sponsoring traditional pension plans; sponsoring hybrid plans that offer the potential for lifetime retirement income; adequately funding DC plans; and providing retirement income options in DC plans. And there are good business reasons for employers to step up to the plate to help insure the retirement security of their workers.
We can no longer afford to ignore the long-term consequences of short-term thinking about our retirement programs. But we don't need to look to our federal government to solve these problems. Employees and their employers can work together to make it a priority.
Among Fortune 1000 companies, only 11 percent still offer a traditional pension plan to newly hired salaried workers, down from 14 percent in 2011 and continuing a long slide from 90 percent in 1985. Conversely, in 1985 only 10 percent of those companies offered only a defined contribution plan to salaried workers -- today that figure stands at 70 percent.
The primary reason for this trend has been financial: Employers don't want the exposure to unfunded liabilities if capital markets perform poorly. At the same time, until recently employees generally hadn't expressed a preference for traditional pension plans and, in fact, have largely embraced 401(k) and other defined contribution plans.
But this trend has its consequences in the workplace, as large numbers of baby boomers have 401(k) balances that are inadequate to fund a traditional retirement. To make matters worse, most retiring workers don't know how to turn their nest eggs into reliable retirement income. Employers also haven't provided much help by offering retirement income options in their defined contribution plans.
"The ongoing shift from [defined benefit] to [defined contribution] plans due to cost and cost volatility is helping to create a next generation of retirement-age workers who may not be able to afford to retire when they would ideally like to," said Towers Watson consultant Kevin Wagner in a statement.
As a result, older workers are delaying retirement, potentially clogging up promotional opportunities for younger workers and helping keep unemployment levels high for the younger generation. And this next generation is beginning to learn from the unfortunate circumstances of the current generation of retirement age workers.
"Interestingly, as this shift in retirement plans continues, other Towers Watson research shows that younger workers are finding DB and hybrid plans more appealing than DC plans," said Alan Glickstein, another retirement consultant at Towers Watson.
The bottom line is that workers of all ages need to start expressing preferences for retirement plans that will enable some level of financial security in their retirement years. Such options include sponsoring traditional pension plans; sponsoring hybrid plans that offer the potential for lifetime retirement income; adequately funding DC plans; and providing retirement income options in DC plans. And there are good business reasons for employers to step up to the plate to help insure the retirement security of their workers.
We can no longer afford to ignore the long-term consequences of short-term thinking about our retirement programs. But we don't need to look to our federal government to solve these problems. Employees and their employers can work together to make it a priority.
Monday, October 29, 2012
Numbers Don't Lie
| INVESTING $100,000 IN S & P STOCKS VS. INDEXED ANNUITY | |||||
| With 20% Bonus | |||||
| YEAR | S & P 500 | S&P 500 | $ AMOUNT | Monthly PT. to PT. | |
| INDEX | GAIN/-LOSS | VALUE | Indexed Annuity | ||
| S&P Stocks | Monthly 1.0% Cap | ||||
| Max Spread 12% | |||||
| 2000 | 1469 | $ 100,000 | $ 120,000 | ||
| 2001 | 1366 | -7% | $ 93,000 | $ 120,000 | |
| 2002 | 1130 | -17% | $ 77,190 | $ 120,000 | |
| 2003 | 886 | -22% | $ 60,208 | $ 120,000 | |
| 2004 | 1131 | 28% | $ 77,066 | $ 134,400 | |
| 2005 | 1181 | 4% | $ 80,149 | $ 139,776 | |
| 2006 | 1280 | 8% | $ 86,561 | $ 150,958 | |
| 2007 | 1438 | 12% | $ 96,948 | $ 169,073 | |
| 2008 | 1379 | -4% | $ 93,070 | $ 169,073 | |
| 2009 | 826 | -40% | $ 55,842 | $ 169,073 | |
| 2010 | 1074 | 30% | $ 72,595 | $ 189,362 | |
| 2011 | 999 | -7% | $ 67,513 | $ 189,362 | |
Never Lose Any Principal or Previous Years Gains
Participate in the Market Without Any Downside Risk
Friday, October 26, 2012
Life Comes At You Hard !!
A recent surveys found that:
1. 27% of us do little or no financial planning.
2. 27% have enough funds to deal with the unexpected.
3. 30% think the funds they have saved will be augmented by a pension.
4. 20% think their retirement will include funds provided by family members.
5. 60% expect to work beyond their normal retirement age.
6. 60% do not think they will have enough saved to live life the way they did prior to retirement.
7. 70% did not know that a college education in California is around $150,000.
What a hard conversation it would be if your kid was accepted to college and you had to tell your son or daughter they could not go because you did not think about or save any money for their college education.
Do not let this happen to you. Give me a call and lets get you on track to financial freedom and insure you have sufficent funding to send your child to college.
1. 27% of us do little or no financial planning.
2. 27% have enough funds to deal with the unexpected.
3. 30% think the funds they have saved will be augmented by a pension.
4. 20% think their retirement will include funds provided by family members.
5. 60% expect to work beyond their normal retirement age.
6. 60% do not think they will have enough saved to live life the way they did prior to retirement.
7. 70% did not know that a college education in California is around $150,000.
What a hard conversation it would be if your kid was accepted to college and you had to tell your son or daughter they could not go because you did not think about or save any money for their college education.
Do not let this happen to you. Give me a call and lets get you on track to financial freedom and insure you have sufficent funding to send your child to college.
Tuesday, October 23, 2012
BlackRock States Investors are Spooked and Frozen in Place
Read an article today from Black Rock Funds. It simply stated that investors are so spooked that they are frozen in place! Investors are so spooked that they are shying away from stocks altogether. This is coming at a time when the S&P 500 stock index is currently turning double digit returns! Do you think investors are tired of losing money? You bet! Investing in the stock market today is like gambling in Las Vegas. If you find a hot dice table, blackjack table, or one arm bandit you may make some money, however, have you seen the new hotels in Las Vegas? They did not build them from you winning at their tables. Your path to financial freedom is much more important than Las Vegas. Place your money where you cannot lose, only win. Yes, those investments are out there and investors just like you and I are enjoying financial freedom and could care less about a stock or mutual fund. Give me a call or send an e mail and we can further discuss your road to financial freedom.
Albert Viola
818.939.9117
albertviolajr@yahoo.com
Albert Viola
818.939.9117
albertviolajr@yahoo.com
More Turbulent Times Ahead
The typical 401K and IRA world today is; well I lost money this month, hopefully the market will come back next month or next quarter! Generally this is what most baby boomers, seniors, and the generation x say! Let me ask you a question, do you really have time to make up your losses? I played alot of sports when I was younger and trying to catch up in a baseball game or football game is alot harder. Sometimes when all else fails trying to catch up, we lose sight and do some rather dumb things; (ie) we do not stick to the game plan. Don't waste time trying to catch up financially. Make sure your retirement is placed in a secure vehicule where you cannot lose one nickel. Place your retirement in a vehicule where:
A. Your money is tax deferred.
B. You can sock away larger amounts of cash vs. a 401K or IRA.
C. Lifetime income, let me repeat...lifetime income.
D. Your money will compound faster since it is tax deferred.
Give me a call at 818.939.9117 and we can further discuss your path to financial freedom.
A. Your money is tax deferred.
B. You can sock away larger amounts of cash vs. a 401K or IRA.
C. Lifetime income, let me repeat...lifetime income.
D. Your money will compound faster since it is tax deferred.
Give me a call at 818.939.9117 and we can further discuss your path to financial freedom.
Monday, March 5, 2012
Watch Out for Financial Fraud
The Center for Retirement Research at Boston College picked up on the trend in a recent report, "The Rise of Financial Fraud." It notes that consumers may be more susceptible to financial fraud these days because they are more likely to be seeking solutions to unusually tough financial problems.
"People face serious financial problems ranging from stagnant incomes after the 2008 stock market crash to skyrocketing medical costs and house values that are less than the mortgage amount," the report says. "Any one of these can make an individual more vulnerable to get-rich-quick schemes."
Citing research by the Center for Retirement Research and others, the report also says the declining cognitive skills of aging Americans puts them at special risk of being defrauded. "Between ages 71 and 79, one-fifth of individuals are impaired but that rises to half of those between ages 80 and 89," it says.
Here is a list in the report of 10 "red flags" that should alert consumers to consider either walking away from the deal or making their own complaint to consumer authorities.
1. The offer looks too good to be true. Scam products or investments usually appear far more lucrative than standard products on the market.
2. Offers a high or "guaranteed" return at "no risk" to the investor. This is virtually impossible.
3. Requires an urgent response or immediate cash payment. Legitimate business deals never require such a response.
4. Charges a steep upfront fee in return for the promise that you will make even more money at some unspecified date. Run, don't walk, from such a deal.
5. Suggests recipients do not tell family members or friends about the offer. Why would any legitimate business person make such a request?
6. Lures prospective investors with a "free lunch." If you attend such a lunch, never agree to any deal or sign anything until you've gone home and done a lot more homework.
7. Sends unsolicited Internet email deals. These should go directly to your delete folder.
8. Tries to instill fear that failure to act would be very costly. As with item No. 3, no ethical person does business this way.
9. Resists being questioned or checked out further. Con men, like roaches, scatter when the lights go on.
10. Pitches a deal so complex that it is difficult or impossible to understand. A good rule for any financial transaction: If you don't understand it, don't do it.
"People face serious financial problems ranging from stagnant incomes after the 2008 stock market crash to skyrocketing medical costs and house values that are less than the mortgage amount," the report says. "Any one of these can make an individual more vulnerable to get-rich-quick schemes."
Citing research by the Center for Retirement Research and others, the report also says the declining cognitive skills of aging Americans puts them at special risk of being defrauded. "Between ages 71 and 79, one-fifth of individuals are impaired but that rises to half of those between ages 80 and 89," it says.
Here is a list in the report of 10 "red flags" that should alert consumers to consider either walking away from the deal or making their own complaint to consumer authorities.
1. The offer looks too good to be true. Scam products or investments usually appear far more lucrative than standard products on the market.
2. Offers a high or "guaranteed" return at "no risk" to the investor. This is virtually impossible.
3. Requires an urgent response or immediate cash payment. Legitimate business deals never require such a response.
4. Charges a steep upfront fee in return for the promise that you will make even more money at some unspecified date. Run, don't walk, from such a deal.
5. Suggests recipients do not tell family members or friends about the offer. Why would any legitimate business person make such a request?
6. Lures prospective investors with a "free lunch." If you attend such a lunch, never agree to any deal or sign anything until you've gone home and done a lot more homework.
7. Sends unsolicited Internet email deals. These should go directly to your delete folder.
8. Tries to instill fear that failure to act would be very costly. As with item No. 3, no ethical person does business this way.
9. Resists being questioned or checked out further. Con men, like roaches, scatter when the lights go on.
10. Pitches a deal so complex that it is difficult or impossible to understand. A good rule for any financial transaction: If you don't understand it, don't do it.
Thursday, February 23, 2012
Tuesday, November 29, 2011
WOW...... WHERE DO I BEGIN????
OK... American Airlines files for Chapter 11 BK with $ 4 BILLION CASH in their check book. Nice, I should be so lucky to reorganize my debts with that tidy sum in my check book....I'm going to stop right now on that subject!!
2012 looks like another gut wrenching stomach churning year for the stock market. At least another year you have apprehension to open your quarterly IRA or 401K statement. Another year of losses, another year of catch-up to make up for the value lost, another year you do nothing to get back on track, another year of oh well the market will eventually go back up, etc. etc. etc. I have an idea for a New Years resolution; forget about the usual resolutions, (ie) I am going to lose 25 pounds, I am going to stop smoking and really do something for yourself and your family. Make a resolution that you will NEVER lose another nickel in your retirement savings from this time forward. Make a resolution " I will NEVER play catch-up again with my money. I have several ideas on how to make this years resolutions a reality. Also for all you "big brains" out there that want to stay in the stock market and load up your portfolio with bonds one piece of advice; tread very carefully. You may have been dodging bullets up to the present time but the long term battle is far from over.
Let's talk about inflation. Not much new to say. Look for inflation to be around 3.5% this year and 2% in 2012. No problem, however another year of depressed interest rates means you make zip on your money market and CD accounts at your favorite bank and credit union. How would you like to earn 8-9% on your money next year tax free and not have to worry again about losing your principal? I have the answer.
Look for the housing price decline to come to a halt mid 2012. Look for 3-6% housing price increases in 2013 and beyond. Modest but in reality not bad at all for homeowners.
I have a very busy December with seminars and presentations so I may not have time to write in the blog in December so I want to wish everyone a Merry Christmas, Happy Holidays, and a VERY GOOD AND PROSPEROUS NEW YEAR.
2012 looks like another gut wrenching stomach churning year for the stock market. At least another year you have apprehension to open your quarterly IRA or 401K statement. Another year of losses, another year of catch-up to make up for the value lost, another year you do nothing to get back on track, another year of oh well the market will eventually go back up, etc. etc. etc. I have an idea for a New Years resolution; forget about the usual resolutions, (ie) I am going to lose 25 pounds, I am going to stop smoking and really do something for yourself and your family. Make a resolution that you will NEVER lose another nickel in your retirement savings from this time forward. Make a resolution " I will NEVER play catch-up again with my money. I have several ideas on how to make this years resolutions a reality. Also for all you "big brains" out there that want to stay in the stock market and load up your portfolio with bonds one piece of advice; tread very carefully. You may have been dodging bullets up to the present time but the long term battle is far from over.
Let's talk about inflation. Not much new to say. Look for inflation to be around 3.5% this year and 2% in 2012. No problem, however another year of depressed interest rates means you make zip on your money market and CD accounts at your favorite bank and credit union. How would you like to earn 8-9% on your money next year tax free and not have to worry again about losing your principal? I have the answer.
Look for the housing price decline to come to a halt mid 2012. Look for 3-6% housing price increases in 2013 and beyond. Modest but in reality not bad at all for homeowners.
I have a very busy December with seminars and presentations so I may not have time to write in the blog in December so I want to wish everyone a Merry Christmas, Happy Holidays, and a VERY GOOD AND PROSPEROUS NEW YEAR.
Wednesday, November 9, 2011
Anti Wall Street Sentiment
Is the simmering anti Wall Street sentiment just a moment or is it the birth of a movement? Well for now I think it is the former. The groups are loosely organized and have eschewed a formal political agenda but we all better fasten our seat belts!! With income gaps, underwater mortgages, a whole lot of grievances, and job prospects, the conditions are there for a lasting coalition. Look for the protests to grow and spread. It really looks as though next year is going to be a clash of cultures; Tea Party vs Occupy Wall Streeters. This is really about Washington not Wall Street, and I predict we will actually have a showdown of sorts as to the size and shape of Government. This whole movement is not about capitalism what's really going on is a clash over the haves and the have- nots. The ultimate success of the movement is to find a dance partner. Look for other liberal groups to emerge and look for unions to get involved.
The GOP is going to retreat with regards to increasing taxes. Their united stand against raising taxes is going to crumble. Look for some favorite deductions to get eliminated and believe me look for corporate taxes to get reduced!
We will have a rocky 2012 in the stock market and there will be more 401K and IRA pain to come with it. The only way to fight these trends is with tax free financial vehicles. One of my favorite products for tax free accumulation is an Indexed Universal Life Policy. Just like annuities you participate on the upside and you will never lose any principal. How does 9% interest sound to you? Give me a call and we can talk.
The GOP is going to retreat with regards to increasing taxes. Their united stand against raising taxes is going to crumble. Look for some favorite deductions to get eliminated and believe me look for corporate taxes to get reduced!
We will have a rocky 2012 in the stock market and there will be more 401K and IRA pain to come with it. The only way to fight these trends is with tax free financial vehicles. One of my favorite products for tax free accumulation is an Indexed Universal Life Policy. Just like annuities you participate on the upside and you will never lose any principal. How does 9% interest sound to you? Give me a call and we can talk.
Thursday, October 20, 2011
How does your life change if Mitt Romney become President?
Looks like the GOP candidate will be Mitt Romney. Now I do not care what your politics are and you certainly know how life has been over the last three years so I wanted to give you some insight with some help from US News, as to how your life may change with Mitt Romney as President. Pay special attention to item 8. It may effect your retirement.Then read the past blogs about what you need to do now to make sure you are not eating hot dogs and beans everyday!!! So here goes:
1. Individual income tax rates stay the same. Elimination of the estate taxes, and no capital gains tax for individuals who make under $200,000 per year.
2. Look for lower corporate tax rates.
3. Say good by to Obama Care. This will happen within 2 minutes if he becomes President!
4. Less regulations on Corporate America.
5. Look for reform on medical malpractice lawsuits.
6. Drill Baby Drill....Drilling will increase to wherever it is safe.
7. Finally someone stands up to China and their currency manipulation.
8. Social Security, look for a raise in the retirement age, and reduced benefits.
9. National Debt...Cut, Cap, Balance......What a novel idea!
1. Individual income tax rates stay the same. Elimination of the estate taxes, and no capital gains tax for individuals who make under $200,000 per year.
2. Look for lower corporate tax rates.
3. Say good by to Obama Care. This will happen within 2 minutes if he becomes President!
4. Less regulations on Corporate America.
5. Look for reform on medical malpractice lawsuits.
6. Drill Baby Drill....Drilling will increase to wherever it is safe.
7. Finally someone stands up to China and their currency manipulation.
8. Social Security, look for a raise in the retirement age, and reduced benefits.
9. National Debt...Cut, Cap, Balance......What a novel idea!
Wednesday, October 12, 2011
This was the top story on Yahoo's Financial today 10/12/2011 at 7:00am:
Top Stories
Stocks Rally 1% on Rescue Fund Optimism- Reuters Stocks rose on Wednesday, putting the benchmark S&P 500 on track for its sixth day of gains in the past seven, as Slovakia moved to reach a deal on expanding the euro zone rescue fund.
Are you kidding me. Slovakia? Does anyone even know where Slovakia is? Slovakia effects the S&P500, Slovakia effects your 401K and IRA. Whats next, Catalina reaches a deal on expanding the euro zone rescue fund and Governor Brown declares that there is no more financial deficit in California? YIKES! I know my retirement is not effected by Slovakia, how about yours? Give me a call for safe and secure financial vehicles not made in Slovakia.
Are you kidding me. Slovakia? Does anyone even know where Slovakia is? Slovakia effects the S&P500, Slovakia effects your 401K and IRA. Whats next, Catalina reaches a deal on expanding the euro zone rescue fund and Governor Brown declares that there is no more financial deficit in California? YIKES! I know my retirement is not effected by Slovakia, how about yours? Give me a call for safe and secure financial vehicles not made in Slovakia.
Tuesday, October 11, 2011
Today I am absolutely incensed over yet another article in the Wall Street Journal about advising everyone on what they need to do if they want to save their retirement dollars and retire at an age where they can at least enjoy life a little before they go on to another world.
The article started by saying "If you 're like many Americans whose retirement savings took a major hit with the stock market meltdown you are probably wondering if you will ever be able to retire". Then they listed the same old "Bull" on what we need to do.
A. Do a reality check.
B. Save more.
C. Work longer.
D. Postpone Social Security.
OK, do a reality check, when your 401K or IRA has melted there is not much of a reality check to do except try and somehow restore what you have lost. Hopefully not using the same techniques applied as to how you lost it in the first place......Save more, OK, with gas near $4.00 a gallon, price of food, clothing etc. sure I can save more!!.......Work longer, sure I you can find a job, or better yet, do you really want to be working at age 75?.....Postpone Social Security, As I stated in an earlier blog SS will be there for all of the baby boomers. As far as postponing SS under the right conditions some may be able to postpone SS but the majority of us won't. So if you like hot dogs and beans every night postpone SS!
WAKE UP EVERYONE...I want to be the first to say 20 years from now you will be able to pick up the Wall Street Journal (if they are still in business) and read "If you're like many Americans whose retirement savings took a major hit in the stock market, you're probably wondering if you'll be able to retire". Here is our advice:
A. Do a reality check.
B. Save more.
C. Work longer
D. Postpone Social Security.
Get where I've gone with this. If you truly want SAFETY, SECURITY, TAX ADVANTAGES, and you want to be able to sleep at night acquire a financial vehicle that will accomplish this goal. They are out there for everyone.
Give me a call, lets talk.
The article started by saying "If you 're like many Americans whose retirement savings took a major hit with the stock market meltdown you are probably wondering if you will ever be able to retire". Then they listed the same old "Bull" on what we need to do.
A. Do a reality check.
B. Save more.
C. Work longer.
D. Postpone Social Security.
OK, do a reality check, when your 401K or IRA has melted there is not much of a reality check to do except try and somehow restore what you have lost. Hopefully not using the same techniques applied as to how you lost it in the first place......Save more, OK, with gas near $4.00 a gallon, price of food, clothing etc. sure I can save more!!.......Work longer, sure I you can find a job, or better yet, do you really want to be working at age 75?.....Postpone Social Security, As I stated in an earlier blog SS will be there for all of the baby boomers. As far as postponing SS under the right conditions some may be able to postpone SS but the majority of us won't. So if you like hot dogs and beans every night postpone SS!
WAKE UP EVERYONE...I want to be the first to say 20 years from now you will be able to pick up the Wall Street Journal (if they are still in business) and read "If you're like many Americans whose retirement savings took a major hit in the stock market, you're probably wondering if you'll be able to retire". Here is our advice:
A. Do a reality check.
B. Save more.
C. Work longer
D. Postpone Social Security.
Get where I've gone with this. If you truly want SAFETY, SECURITY, TAX ADVANTAGES, and you want to be able to sleep at night acquire a financial vehicle that will accomplish this goal. They are out there for everyone.
Give me a call, lets talk.
Thursday, October 6, 2011
DO ONE OR MORE OF THE FOLLOWING APPLY?
1. You want to accumulate cash with upside potential and downside protection.
2. You seek the opportunity for higher interest returns.
3. You can no longer tolerate watching your 401K, IRA, or 403B lose value due to the volatility and risks of being in the stock market.
4. You want to be able to access your cash TAX FREE under existing Internal Revenue Codes (when properly structured).
5. You want the ability of transferring assets to loved ones TAX FREE.
GUARANTEED OPPORTUNITY:
By offering guarantees and the opportunity for upside potential without downside risk an Indexed Universal Life policy connects with consumers looking for balance between risk and reward. An Indexed Universal Life policy is ideal for consumers who:
A. Seek the opportunity for HIGHER INTEREST RETURNS.
B. Don't like the volatility and risks of being in the stock market.
C. Want cash accumulation coupled with a death benefit.
FLEXIBILITY:
Universal life policies are very flexible. As a policy owner, you can vary the frequency and amount of the premium payments.You can also increase or decrease the amount of insurance to suit your situation. If your financial situation improves significantly, you can increase your premium and build up the cash value more rapidly. If you find yourself under financial strain, you may even be able to deduct premium payments from the cash value of the policy.
INDEXED UNIVERSAL LIFE POLICIES ARE NOT THE NEW KID ON THE BLOCK:
Indexed annuities have been in existence over 40 years now. Millions of consumers use indexed annuities as a financial vehicle with dual purposes in mind; retirement and life insurance. Consumers have hundreds of billions of dollars invested in indexed universal life policies. Stop watching the balance in your 401K, IRA, and 403B evaporate!
Give me a call. Let me help you save money and also keep it!
1. You want to accumulate cash with upside potential and downside protection.
2. You seek the opportunity for higher interest returns.
3. You can no longer tolerate watching your 401K, IRA, or 403B lose value due to the volatility and risks of being in the stock market.
4. You want to be able to access your cash TAX FREE under existing Internal Revenue Codes (when properly structured).
5. You want the ability of transferring assets to loved ones TAX FREE.
GUARANTEED OPPORTUNITY:
By offering guarantees and the opportunity for upside potential without downside risk an Indexed Universal Life policy connects with consumers looking for balance between risk and reward. An Indexed Universal Life policy is ideal for consumers who:
A. Seek the opportunity for HIGHER INTEREST RETURNS.
B. Don't like the volatility and risks of being in the stock market.
C. Want cash accumulation coupled with a death benefit.
FLEXIBILITY:
Universal life policies are very flexible. As a policy owner, you can vary the frequency and amount of the premium payments.You can also increase or decrease the amount of insurance to suit your situation. If your financial situation improves significantly, you can increase your premium and build up the cash value more rapidly. If you find yourself under financial strain, you may even be able to deduct premium payments from the cash value of the policy.
INDEXED UNIVERSAL LIFE POLICIES ARE NOT THE NEW KID ON THE BLOCK:
Indexed annuities have been in existence over 40 years now. Millions of consumers use indexed annuities as a financial vehicle with dual purposes in mind; retirement and life insurance. Consumers have hundreds of billions of dollars invested in indexed universal life policies. Stop watching the balance in your 401K, IRA, and 403B evaporate!
Give me a call. Let me help you save money and also keep it!
Monday, October 3, 2011
TODAY'S NEWS: I attended a webcast today with Sam Stovall, Chief Equity Strategist for the S & P 500 presiding. The news was not very good for 401K, IRA, and 403B investors. Mr. Stovall sees a modest rally for the S & P 500 in November and December 2011, and a steep decline for the entire year of 2012. Mr. Stovall predicts the S & P 500 to decline at least 18%! How do you feel about at least an 18% decline in your retirement? I am sure not very good.
MORE STORM CLOUDS AHEAD: In the coming weeks American's could face sweeping changes to their retirement plans. The Senate Finance Committee held a webcast a couple of days ago to discuss proposals for strengthening the nation's retirement system as well as the reality that these retirement plans are a target in deficit reduction plans. What does this mean? How about the elimination of the pre-tax deduction for 401K's, IRA's, and 403B's. OK, the possibility of no tax benefit in your 401K coupled with a possible 18% loss in your account does not sound like a sound investment strategy. Not only do we have the possibility of losing the tax incentive, now we will be taxed on a higher gross amount on our paychecks!
PROTECT WHAT YOU NOW HAVE: Today, not tomorrow, not this afternoon, not within the next hour but NOW you must start thinking SAFE and TAX DEFERRED RETIREMENT STRATEGIES. The time for action on your retirement plan is NOW. The ultimate financial vehicle today that offers a SAFE and TAX DEFERRED retirement is an annuity. There are several varieties available. Whichever you choose all the money you invest and continue to invest, compounds year after year without a tax bill from Uncle Sam. Think about it; the ability to keep every dollar invested working for you can be a big advantage over taxable investments.
Give me a call. Let me help you save money and also keep it!
MORE STORM CLOUDS AHEAD: In the coming weeks American's could face sweeping changes to their retirement plans. The Senate Finance Committee held a webcast a couple of days ago to discuss proposals for strengthening the nation's retirement system as well as the reality that these retirement plans are a target in deficit reduction plans. What does this mean? How about the elimination of the pre-tax deduction for 401K's, IRA's, and 403B's. OK, the possibility of no tax benefit in your 401K coupled with a possible 18% loss in your account does not sound like a sound investment strategy. Not only do we have the possibility of losing the tax incentive, now we will be taxed on a higher gross amount on our paychecks!
PROTECT WHAT YOU NOW HAVE: Today, not tomorrow, not this afternoon, not within the next hour but NOW you must start thinking SAFE and TAX DEFERRED RETIREMENT STRATEGIES. The time for action on your retirement plan is NOW. The ultimate financial vehicle today that offers a SAFE and TAX DEFERRED retirement is an annuity. There are several varieties available. Whichever you choose all the money you invest and continue to invest, compounds year after year without a tax bill from Uncle Sam. Think about it; the ability to keep every dollar invested working for you can be a big advantage over taxable investments.
Give me a call. Let me help you save money and also keep it!
Thursday, September 29, 2011
CASH STOCKPILING: Corporations cash stockpile is growing by the hour. Right now over $2 trillion dollars. We are caught between a rock and a hard place. In order to see growth and get people back to work, corporations need to start spending on (ie) new investments, capital equipment, etc.
Corporations are not the only ones holding on to cash; banks are too! It is predicted that deposits will grow 10% by the end of the year. At first blush sounds good, but think about it, a surge in deposits means there is little demand for loans from the well qualified borrowers.
TAX: Tax the rich do not tax the rich. Everyone has their own opinion on this one. But I feel there will be a deal by the November deadline. I see Medicare getting squeezed.
SOCIAL SECURITY: Despite what you hear the Social Security system is alive and well and getting fatter by the hour. Look for lots of changes though, like continued tax rate hikes thru out the next 10 years....OUCH!
RETIREMENT: 401K's, Roth and Traditional IRA's, and 403B's are losing favor among the baby boomers. Continued ups and downs in the market are rattling a lot of nerves. Ages 45+ may not have enough time to recover from huge stock market down turns. How do you REALLY feel about your investments over the last 5 years? Baby boomers and everyone else are now demanding PRINCIPAL PROTECTION, and TAX DEFERRAL. There are vehicles out there today that will accomplish all of these demands. Give me a call lets discuss those vehicles.
Feel free to comment. I look forward to talking with you. Albert
Corporations are not the only ones holding on to cash; banks are too! It is predicted that deposits will grow 10% by the end of the year. At first blush sounds good, but think about it, a surge in deposits means there is little demand for loans from the well qualified borrowers.
TAX: Tax the rich do not tax the rich. Everyone has their own opinion on this one. But I feel there will be a deal by the November deadline. I see Medicare getting squeezed.
SOCIAL SECURITY: Despite what you hear the Social Security system is alive and well and getting fatter by the hour. Look for lots of changes though, like continued tax rate hikes thru out the next 10 years....OUCH!
RETIREMENT: 401K's, Roth and Traditional IRA's, and 403B's are losing favor among the baby boomers. Continued ups and downs in the market are rattling a lot of nerves. Ages 45+ may not have enough time to recover from huge stock market down turns. How do you REALLY feel about your investments over the last 5 years? Baby boomers and everyone else are now demanding PRINCIPAL PROTECTION, and TAX DEFERRAL. There are vehicles out there today that will accomplish all of these demands. Give me a call lets discuss those vehicles.
Feel free to comment. I look forward to talking with you. Albert
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